Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA – Get Free Report) was the target of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 401,900 shares, an increase of 26.7% from the October 31st total of 317,100 shares. Based on an average trading volume of 764,200 shares, the days-to-cover ratio is currently 0.5 days. Currently, 4.0% of the shares of the stock are sold short.
Hedge Funds Weigh In On Meihua International Medical Technologies
An institutional investor recently raised its position in Meihua International Medical Technologies stock. Anson Funds Management LP raised its position in shares of Meihua International Medical Technologies Co., Ltd. (NASDAQ:MHUA – Free Report) by 249.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,267,301 shares of the company’s stock after buying an additional 1,618,698 shares during the period. Anson Funds Management LP owned about 9.04% of Meihua International Medical Technologies worth $2,313,000 at the end of the most recent reporting period. 1.17% of the stock is owned by institutional investors.
Meihua International Medical Technologies Price Performance
Shares of NASDAQ MHUA opened at $0.53 on Monday. The stock’s 50-day moving average is $0.73 and its 200 day moving average is $0.81. Meihua International Medical Technologies has a 1-year low of $0.43 and a 1-year high of $2.81.
About Meihua International Medical Technologies
Meihua International Medical Technologies Co, Ltd. engages in the manufacture, sells, and marketing of medical consumables in the People's Republic of China. The company offers class I, II, and III disposable medical devices. Its products include non-bottled products, such as brushes and ID bracelets; and polyethylene bottled products, such as eye drop and tablet bottles, as well as electronic pumps.
Further Reading
- Five stocks we like better than Meihua International Medical Technologies
- 3 REITs to Buy and Hold for the Long Term
- Contrarian Play: Why Workday Stock Is a Buy After Guidance Cut
- How to Invest in Biotech Stocks
- Superstores to eCommerce Sales: Walmart Parties Like It’s 1999
- What Are the FAANG Stocks and Are They Good Investments?
- 3 Green Hydrogen Stocks That May Survive the Trump Chopping Block
Receive News & Ratings for Meihua International Medical Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meihua International Medical Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
